The statement said: ‘Devondale Investments, the current owner of Portsmouth FC, and Al Fahim Asia Associates Ltd. (AAA), a company fully owned by Sulaiman Al Fahim, Chairman of the Board of Portsmouth FC, have reached an agreement whereby AAA has become the new sole owner of the Club.

‘Sulaiman Al Fahim welcomed this agreement and looks forward to helping the Club build on its impressive history and achieve new successes in the Premier League.

‘The Chairman of the Club would like to extend his gratitude to the players, staff and supporters of Portsmouth FC who have shown an extraordinary level of commitment and loyalty to this great Club.’

This is all very well, which if true means that Peter Storrie’s ‘plan B’ has failed, but lets hear something official from The Pompey Site.